Cost Of Living Slightly Decreases In Lubbock - KCBD NewsChannel 11 Lubbock


Cost Of Living Slightly Decreases In Lubbock

For the first time in four months, the cost of living in Lubbock is decreasing.

The cost of living decreased .6% in October. The Lubbock Economic Development Alliance says a drop in gas prices is helping to stabilize the economy.

"I think the old days of getting gas for a dollar a gallon is over forever and so we're probably looking at maybe $1.75. That's probably where it will drift to and then stick there. It hurts but at least we can afford it, and its not $3 a gallon," L.E.D.A. CEO Gary Lawrence said.

Consumers, however, are paying more to heat their homes. Utility prices increased 8%.

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